As Trump serves Burger King to the national champion Clemson Tigers, the Pats, Chiefs, Saints and Rams roll into the NFL’s version of the final four. Will the new guard arise (Mahomes and Goff) or will this be the last stand of the old guard (Brady and Brees)? Tom and Jay are back in the saddle for a look at some of this week’s top compliance and ethics stories.

  1. Dick Cassin bookends 2018 and 2019 with the big story on compliance was from 2018and what he thinks the big story for compliance will be in 2019. Both in the FCPA Blog.
  2. Robert Zink becomes the acting head of the DOJ Fraud Section. Kelly Swanson begin her daily double in GIR.
  3. First head of SEC Whistleblower Office blasts SEC proposal to gut whistleblower awards. Kelly Swanson reports in GIR.
  4. Italy adopts ‘bribe destroyer’ law (similar to the Doomsday device on TOS). Vera Cherepanova reports in the FCPA Blog.
  5. Be wary of false prophets (and benchmarking). Mike Volkov warns on Corruption, Crime, and Compliance.
  6. MSU Interim President puts foot in mouth, then eats it. Tom said he had to go, in the FCPA Compliance and Ethics Report. Engler’s resignation letter.
  7. What will the CCO of the future look like? What does it mean? Annabel Reoch and Tom Barrett speculate in the FCPA Blog.
  8. Willaim Barr changes position on whistleblower. Sam Rubenfeld reports in the Wall Street Journal Risk and Compliance Journal.
  9. What the top 10 cyber security issues for 2019. Lawyers from Davis Polk speculate in NYU’s Compliance and Enforcement Blog.
  10. Tom is joined by John Gill VP of Education at the ACFE for a 5-part podcast series on the famous fraudsters. Check out the following: Part 1-Nathan Mueller; Part 2-Mark Whitacre; Part 3– Andrea Baxendale; Part 4-James Brandolino; Part 5-Joseph Grmovsek. The podcast is available on multiple sites: the FCPA Compliance Report, iTunes, JDSupra, Panoplyand YouTube. Soon to be on Spotify and Corporate Compliane Insights.
  11. Join the Greater Houston Business and Ethics Roundtable on January 24 for a presentation by Control Risk on its 2018 Heat Map. Details and Registration are here.
  12. Check in next week for a 5 part podcast series with Eric Feldman and Vin DiCianni on the DOJ’s 2018 Guidance, what it means and how a compliance professional can use it going forward.

For more information on how an independent monitor can help improve your company’s ethics and compliance program, visit our sponsor Affiliated Monitors at www.affiliatedmonitors.com

In this special five-part podcast series, I interview John Gill, the Vice President for Education at the Association of Certified Fraud Examiners (ACFE). In this series, John discusses five well-known fraudsters; including what caused them to engage in fraud, the fraud scheme they employed and how they were caught. More significantly we tie this what compliance professionals need to have in place to detect and prevent corruption.  In this Episode 5 and concluding episode, we discuss Joseph Grmovsek and explore what is the human cost of fraud. Some of the highlights include:

  1. The matter involved insider trading at a Canadian company. This is a type of fraud.
  2. How do you secure your information inside your organization?
  3. What controls do you have against data thieves inside your organization?
  4. What is the human cost to a fraudster?

For listeners of this podcast, the ACFE is offering a free Fraud Risk Assessment Tool. Check out this great offering by clicking here.

For more information on the ACFE, click here.

JANUARY 18, 2019 BY TOM FOX

In today’s edition of Daily Compliance News:

  • Satish Udpa named new MSU Interim President as former Interim President John Engler resigns before he was fired. (New York Times)
  • Goldman Sachs tries the rogue employee defense. (New York Times)
  • US pursuing criminal charges against Huawei for theft of trade secrets. (Wall Street Journal)
  • China’s belt and suspender initiative is a mass of corruption. (Foreign Policy)

In this special five-part podcast series, I interview John Gill, the Vice President for Education at the Association of Certified Fraud Examiners (ACFE). In this series, John discusses five well-known fraudsters; including what caused them to engage in fraud, the fraud scheme they employed and how they were caught. More significantly we tie this what compliance professionals need to have in place to detect and prevent corruption.  In this Episode 4, we discuss James Brandolino and the need for ongoing due diligence on those with whom you invest. Some of the highlights include:

  1. Always perform due diligence requisite to the risk.
  2. What are some of the red flags for investment professionals? Can you check the books?
  3. Due diligence is not a one-time exercise. It should be ongoing throughout the life of the business relationship.
  4. What if there are never any losses? SeeBernie Madoff.
  5. Never forget to listen to your gut and your instincts. If something doesn’t seem or feel right, it probably isn’t right.

For listeners of this podcast, the ACFE is offering a free Fraud Risk Assessment Tool. Check out this great offering by clicking here.

For more information on the ACFE, click here.

JANUARY 17, 2019 BY TOM FOX

In today’s edition of Daily Compliance News:

  • MSU Interim President in (more) deep water. (ESPN)
  • SEC gets hacked. (CNBC)
  • I am not a crook, er spy. Huawei CEO denies wrong-doing. (New York Times)
  • Yesterday we saw that compliance failures are deadly. Today we find out that unethical behavior is just as deadly. (New York Times)